Lease agreement and obligations of the parties

Lease agreement and obligations of the parties 

 

Question:

With my husband we rent a shop / signed contract from July 2014 /. Tenant is a company. The monthly rental price is 100 leva. The rent from July to December will be paid in December. What are the obligations of the tenant / documentation, should I be subject to VAT? The tenant wants to make a bank transfer, what does it change if it's bank transfer and not cash? My husband is unemployed and I am paying health insurance, I work under a labor contract. What are our responsibilities?

 

Answer:

 

Hello,

In connection with the questions we can answer in the following way:

Once the rent for a rented rental company is paid in December, the renter has to pay you the full amount of the rent (whether in cash or by bank transfer), without deducting any advance tax from paid rental income. Such deductions are made by tenant legal entities who paid landlords' income during the first nine months of the year. In these cases, they are required to deduct and pay 10% of the advance tax on the amounts paid, reduced by 10% for the taxable income of the lessor.

If the amount is transferred by bank transfer, other than a signed rental agreement, with exact fixed obligations and the amount of the monthly rent, no other documents are required from you. If the tenant pays your rent in cash, it is enough to sign a cost cash order for the amount received.

At the end of the year, your tenant will have to issue an official note about the rental amounts charged, your deductible advance tax (if any) and the amounts actually paid.
Your obligations are limited to submitting an annual tax return for your income as an individual by April 30, 2015 by filling out, in addition to the employment income statement and the rental income annex, a service note for each type of income You were paid during the year. Income from rents does not pay compensatory amounts for insurance. (Income will declare this with you and your spouse on whose behalf the contract was signed)

Greetings.